BusterNite
TB Legend
- Credits
- 18
There is a huge reason that the Teamsters started early negotiations with UPS Parcel. Because the teamsters wanted to protect UPS parcel pension. They had to have an agreement by 1/1/08 As of 1/1/08 the new pension laws go into effect. Any company that is not protected by a contract can just stop/freeze there pension plans. And no longer offer you this benefit. If this saves UPS billions of dollars, What are the chances that UPS freezes UPSF pension plan? And just offer you a few % more in our 401k. Indy is now protected from this happening. This should be a major concern to any employee that has some years left to put in. Just food for thought.